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NYSE:OFG

OFG Bancorp Stock Forecast, Price & News

$13.39
+0.33 (+2.53 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$12.95
Now: $13.39
$13.43
50-Day Range
$12.67
MA: $13.23
$13.85
52-Week Range
$8.63
Now: $13.39
$23.76
Volume770,253 shs
Average Volume386,619 shs
Market Capitalization$687.47 million
P/E Ratio29.11
Dividend Yield2.14%
Beta1.67
OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending products; financial planning, insurance, financial services, and investment brokerage; and corporate and individual trust, and retirement services. It also offers securities brokerage services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; separately-managed accounts and mutual fund asset allocation programs; and trust, retirement planning, pension administration, and other financial services. In addition, the company is involved in the management and participation in public offerings and private placements of debt and equity securities; insurance agency business; and administration of retirement plans. Further, it is involved in various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and money market instruments. The company operates through a network of 37 branches in Puerto Rico. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.
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OFG Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.28 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP67103X10
Phone787-771-6800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$456.29 million
Cash Flow$2.23 per share
Book Value$18.57 per share

Profitability

Net Income$53.84 million

Miscellaneous

Employees2,431
Market Cap$687.47 million
Next Earnings Date10/19/2020 (Estimated)
OptionableOptionable
$13.39
+0.33 (+2.53 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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OFG Bancorp (NYSE:OFG) Frequently Asked Questions

How has OFG Bancorp's stock price been impacted by COVID-19 (Coronavirus)?

OFG Bancorp's stock was trading at $13.46 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, OFG stock has decreased by 0.5% and is now trading at $13.39.
View which stocks have been most impacted by COVID-19
.

When is OFG Bancorp's next earnings date?

OFG Bancorp is scheduled to release its next quarterly earnings announcement on Monday, October 19th 2020.
View our earnings forecast for OFG Bancorp
.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) announced its quarterly earnings results on Friday, July, 24th. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.19. The bank had revenue of $128.17 million for the quarter, compared to analysts' expectations of $128.60 million. OFG Bancorp had a net margin of 5.71% and a return on equity of 6.32%.
View OFG Bancorp's earnings history
.

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp announced a quarterly dividend on Wednesday, July 29th. Investors of record on Wednesday, September 30th will be given a dividend of $0.07 per share on Thursday, October 15th. This represents a $0.28 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, September 29th.
View OFG Bancorp's dividend history
.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 662,200 shares, a drop of 35.7% from the August 15th total of 1,030,000 shares. Based on an average daily volume of 325,600 shares, the short-interest ratio is currently 2.0 days. Approximately 1.3% of the shares of the stock are sold short.
View OFG Bancorp's Short Interest
.

Who are some of OFG Bancorp's key competitors?

What other stocks do shareholders of OFG Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE).

Who are OFG Bancorp's key executives?

OFG Bancorp's management team includes the following people:
  • Mr. José Rafael Fernández, Vice Chairman, Pres & CEO (Age 55)
  • Ms. Maritza Arizmendi Díaz CPA, Esq., Exec. VP & CFO (Age 51)
  • Dr. Ganesh Kumar, Sr. EVP, COO and Head of Retail Banking & Bus. Devel. (Age 55)
  • Mr. Rafael Cruz Eng., Sr. VP and Chief Risk & Compliance Officer (Age 63)
  • Mr. César A. Ortiz CPA, CPA, Esq., Sr. VP and Director of Commercial Credit & Operations (Age 44)

What is OFG Bancorp's stock symbol?

OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG."

Who are OFG Bancorp's major shareholders?

OFG Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.62%), FMR LLC (4.66%), X Square Capital LLC (3.32%), LSV Asset Management (2.51%), Nuveen Asset Management LLC (1.81%) and Bank of New York Mellon Corp (1.19%). Company insiders that own OFG Bancorp stock include Edwin Perez, Ganesh Kumar, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez, Julian Inclan and Rafael Cruz.
View institutional ownership trends for OFG Bancorp
.

Which major investors are selling OFG Bancorp stock?

OFG stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Charles Schwab Investment Management Inc., Goldman Sachs Group Inc., Vanguard Group Inc., Grantham Mayo Van Otterloo & Co. LLC, Nuveen Asset Management LLC, Bank of America Corp DE, and LSV Asset Management.
View insider buying and selling activity for OFG Bancorp
.

Which major investors are buying OFG Bancorp stock?

OFG stock was purchased by a variety of institutional investors in the last quarter, including X Square Capital LLC, Jacobs Levy Equity Management Inc., Mitsubishi UFJ Asset Management UK Ltd., Russell Investments Group Ltd., Rafferty Asset Management LLC, Two Sigma Advisers LP, Swiss National Bank, and Prudential Financial Inc.. Company insiders that have bought OFG Bancorp stock in the last two years include Edwin Perez, Ganesh Kumar, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez, and Julian Inclan.
View insider buying and selling activity for OFG Bancorp
.

How do I buy shares of OFG Bancorp?

Shares of OFG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is OFG Bancorp's stock price today?

One share of OFG stock can currently be purchased for approximately $13.39.

How big of a company is OFG Bancorp?

OFG Bancorp has a market capitalization of $687.47 million and generates $456.29 million in revenue each year. The bank earns $53.84 million in net income (profit) each year or $1.62 on an earnings per share basis. OFG Bancorp employs 2,431 workers across the globe.

What is OFG Bancorp's official website?

The official website for OFG Bancorp is www.orientalbank.com.

How can I contact OFG Bancorp?

OFG Bancorp's mailing address is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. The bank can be reached via phone at 787-771-6800 or via email at [email protected]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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